06-RECORD OF STANDING COMMITTEE MINUTES FROM JUNE-AUGUST

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PEDC Board Meeting Minutes August 14, 2012 stated that the Executive Director of the local United Way chapter had expressed interest in the initiative. This report is a milestone for the community and is important to have accountability. The follow-up meeting will be Thursday, September 6, from 11:30 a.m. to 1:30 p.m. in the Ballroom at PJC. No action was taken on this item. Discussion and Possible action of the revised Policv & Procedure manual for the Paris EDC. Motion was made by Bill Harris to table; seconded by Kenny Dority. Motion Carried 5-0. The Board convened into executive session at 3:26 p.m. pursuant to Section 551.072 and Section 551.087 of the Texas Government Code to discuss and deliberate on the following: A. Section 551.072 — Real Property B. Section 551.087 — Economic Development Negotiations Note: John Godwin joined the meeting at 4:03 p.m. Executive session ended at 4:18 p.m. The Board reconvened into open session. As a result of executive session discussion, the Board took the following action: Motion was made by Bill Harris, seconded by Bruce Carr, to approve and authorize the Chairman and Vice Chairman (Toni Clem, Secretary/Treasurer, recused herself from any action pertaining to this incentive. Due to her husband, A.W. Clem, being BODYGUARD's attorney of record and therefore was a conflict of interest.) to execute an economic incentive agreement with BODYGUARD Truck Accessories, to include: •$75,000 for new job creation (l 5 johs by end of year one with a goal of 43 jobs by end of year five). • New employee training reimbursement not to exceed $21,500 over the five years. • Infrastructure improvement grant not to exceed $227,750 for costs associated with the remodeling and expansion of the facilities located on FM 79 in Northwest Paris. • $100,000 24-month secured loan guarantee. Motion Carried 4-0 with Toni Clem recusing herself. 2. Motion was made Bruce Carr, seconded by Bill Harris, to approve and authorize the Chairman to execute the two agreements (Phase 1 and 2) to not exceed $69,760 with Texas Manufacturing Assistance Center (TMAC) and Texas Engineering Extension Services (TEEX) for a market analysis, site and facilities plan for Project Jewel (TRITON). The reports conducted by TMAC and TEEX will be included in TRITON's business and marketing plans along with the loan agreement between Paris EDC and TRITON. Motion Carried 5-0. There being no further business, Kenny Dority made a motion to adjourn at 4:24 p.m.; seconded by Bill Harris. Motion Carried 5-0. Respectfully submitted, Shannon Barrentine Asst. Executive Director, Paris EDC �